Disclaimers: This post is in no way sponsored.

The following comparisons are preliminary; we’ll be updating this space in coming weeks with a more in-depth analysis of the two digital remittance services. 

Returning from holiday with excess foreign currency truly is the worst.

I should know; I changed about S$150 for a day trip to Malmö, Sweden, earlier this year — only to realise the whole damn city’s practically cashless, aka lightyears ahead of Singapore. At least, in that respect.

That’s where multi-currency wallets like Revolut and YouTrip come in – because commission-free exchange rates matter, clearly.

But let’s now hone in on InstaReM and TransferWise, two relatively new digital bank players that specialise in overseas money transfers.

Note: These comparisons are We’ll be covering InstaReM in greater depth next week, in line with our Seedly x InstaReM meet-up on Oct 25. Find out how to